Janus Henderson quarterly profit slumps 21 per cent

Company News

by Anna Napoli

Fund Manager Janus Henderson Group (ASX:JHG) says its fourth quarter net income has dropped from US$472 million to US$107 million on a quarter on quarter basis.

The company says fourth quarter 2017 income included a one-off tax benefit of US$341 million.

Excluding the one-off, fourth quarter earnings were down 21 per cent on the prior corresponding quarter.

The company's assets under management have also declined 13 per cent on the same time last year to US $329 billion.

Janus Henderson has declared a quarterly dividend of US $0.36 cents per share.

The company has attributed the declines to higher outflows amid heightened market volatility.

Shares in Janus Henderson Group (ASX:JHG) closed 2.94 per cent higher to $31.55 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.